During the last session, Momentus Inc. (NASDAQ:MNTS)’s traded shares were 0.38 million. At the end of the trading day, the stock’s price was $2.13, reflecting an intraday loss of -0.93% or -$0.02. The 52-week high for the MNTS share is $12.87, that puts it down -504.23 from that peak though still a striking 24.41% gain since the share price plummeted to a 52-week low of $1.61. The company’s market capitalization is $163.26M, and the average intraday trading volume over the past 10 days was 0.57 million shares, and the average trade volume was 889.17K shares over the past three months.
Momentus Inc. (MNTS) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.00. MNTS has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Momentus Inc. (NASDAQ:MNTS) trade information
Momentus Inc. (MNTS) registered a -0.93% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.93% in intraday trading to $2.13 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 21.02%, and it has moved by 4.41% in 30 days. Based on these gigs, the overall price performance for the year is -78.74%. The short interest in Momentus Inc. (NASDAQ:MNTS) is 4.14 million shares and it means that shorts have 3.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.50, which implies an increase of 52.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $7.00 respectively. As a result, MNTS is trading at a discount of -228.64% off the target high and 6.1% off the low.
Momentus Inc. (MNTS) estimates and forecasts
Statistics show that Momentus Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Momentus Inc. (MNTS) shares have gone down -41.32% during the last six months, with a year-to-date growth rate less than the industry average at -170.00% against 7.90.
Momentus Inc. is due to release its next quarterly earnings on November 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Momentus Inc. (NASDAQ:MNTS)’s Major holders
Momentus Inc. insiders own 5.77% of total outstanding shares while institutional holders control 44.90%, with the float percentage being 47.65%. Prime Movers Lab, LLC is the largest shareholder of the company, while 103 institutions own stock in it. As of Mar 30, 2022, the company held over 25.63 million shares (or 31.34% of all shares), a total value of $81.75 million in shares.
The next largest institutional holding, with 2.74 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.36% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $8.75 million.
Also, the Mutual Funds coming in first place with the largest holdings of Momentus Inc. (MNTS) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 1.95 million shares. This amounts to just over 2.39 percent of the company’s overall shares, with a $6.22 million market value. The same data shows that the other fund manager holds slightly less at 1.14 million, or about 1.39% of the stock, which is worth about $2.45 million.